Orion Engineered Carbons S.A. Announces Closing of Secondary Common Stock Offering
November 10 2017 - 4:35PM
Business Wire
Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or
“Orion”), a worldwide supplier of specialty and high-performance
Carbon Black, announced today the closing of the secondary offering
of an aggregate 10,000,000 common shares of the Company by Kinove
Luxembourg Holdings 1 S.à r.l. (“Kinove Holdings”) and certain
other sellers, including current and former members of Orion’s
management team, in an underwritten public offering, at a price to
the public of $23.25. Kinove Holdings sold 9,076,696 common shares
and the other selling shareholders sold the remaining 923,304
shares. The selling shareholders received all of the net proceeds
from the sale of these shares.
In addition, the selling shareholders granted the underwriter a
30-day option to purchase up to an additional 1,500,000 common
shares at the public offering price, less the underwriting
discount.
Morgan Stanley & Co. LLC acted as the sole book-running
manager for the offering.
The offering was made pursuant to an effective shelf
registration statement, prospectus and prospectus supplement filed
by the Company. The prospectus supplement and accompanying
prospectus are available on the Securities and Exchange
Commission’s website at:
https://www.sec.gov/Archives/edgar/data/1609804/000119312517338962/d477146d424b7.htm.
Alternatively, copies of the prospectus supplement and the
accompanying prospectus may be obtained from Morgan
Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York,
New York 10014, Attention: Prospectus Department.
A registration statement relating to the Company’s common stock
has been filed with the U.S. Securities and Exchange Commission and
was declared effective on April 1, 2016. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About Orion Engineered Carbons
Orion is a worldwide supplier of Carbon Black. We produce a
broad range of Carbon Blacks that include high-performance
Specialty Gas Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks
and other Carbon Blacks that tint, colorize and enhance the
performance of polymers, plastics, paints and coatings, inks and
toners, textile fibers, adhesives and sealants, tires, and
mechanical rubber goods such as automotive belts and hoses. Orion
runs 14 global production sites and four Applied Technology
Centers. The group has approximately 1,463 employees worldwide.
Forward-Looking Statements
This document contains certain forward-looking statements,
including statements relating to the offering. These statements
constitute forward-looking statements within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements of future expectations
that are based on current expectations and assumptions and involve
known and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those
expressed or implied in these statements. You should not place
undue reliance on forward-looking statements. Each forward-looking
statement speaks only as of the date of the particular statement.
New risk factors and uncertainties emerge from time to time and it
is not possible to predict all risk factors and uncertainties, nor
can we assess the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements. We undertake no
obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or other
information, other than as required by applicable law.
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Orion Engineered Carbons S.A.Diana Downey, +1
832-589-2285Investor Relations
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